Managers of Wealth Africa

Norton Rose Fulbright South Africa welcomes three new associates

Rebone Motau joined us in April from Gildenhuys Malatji Inc.

Generali Faces New Test As Bitter Battle For Control Nears Climax

Sanctions can be used to apply pressure on a target country to enforce compliance with certain objectives, and to enforce measures where diplomatic efforts have failed.

Conflict of interest: do employees need to disclose their side businesses to their employer?

The employer’s business in this matter was the production and sale of a range of meat products.

South Africa anti-corruption charter ‘first step’ towards meaningful change

For these groups, the implication is that the signing would be a social contract and symbolic stand against corruption, as opposed to being of direct legal effect.

Prescription begins to run once there is a reasonable suspicion of negligence by the auditors

Between 2007 to 2013, WK Construction suffered a loss of approximately ZAR80-million as a result of one of its erstwhile directors effecting fraudulent transactions.

The case for deferred prosecution agreements in South Africa

The resolution of corruption also serves a greater societal good and can ensure that wrongdoers do not remain in positions where they can cause further harm.

Racist banks stealing from the poor, claims financial investigator

Van Zyl said after Saambou Bank collapsed, FNB bought their low-cost housing book, and that was when the discrimination started.

Court adjourns N42m case between bank, firm’s directors May 17

Though trial began last month and expected to proceed yesterday, it was however adjourned till May 17 and 18, 2022 following the request by the learned silk, Ogunwole, which was acceded to by the judge.

Legal expert calls on the state to regulate country’s major banks

Indications are that the struggle against the banks’ behaviour is gaining much-needed traction from professionals of all racial groups.

Bowmans Dominates the Dealmaking Landscape in East Africa

Bowmans also advised on the deals named East Africa Deal of the Year (the sale of Dudutech Integrated Pest Management to Bioline Group) and East Africa Private Equity Deal of the Year (Adenia Partners’ majority acquisition of Red Lands Roses).

Probe into alleged discriminatory practices by the banks

Lawyer Zelna Jansen said this system was regarded as "the lesser evil" compared to others.

Rwandan Court hands down important decision on double taxation treaty with Mauritius

The RRA was not contented with the decision of the Commercial Court and appealed against such decision before the Commercial High Court advancing two main arguments.

Allen & Overy team helps make ground-breaking policy change in Tanzania

For many years, the Tanzanian government has forced public schoolgirls to undergo pregnancy tests and has then permanently expelled these girls if they were pregnant.

Appleby Mauritius Advises in Structured Deal of USD 400 Million Issued by India Clean Energy Holdings.

The Appleby Mauritius team was led by Group Managing Partner Malcolm Moller and Senior Associate Farzanah Nawool supported by Associate Suhaylah Juman.

Inside job! ABSA bank exec arrested for allegedly stealing R100m from bank

A different kind of bank heist! This guy is accused of stealing more than R100 million from ABSA bank while he worked there.

Peter Moyo drops his bit to be reinstated at Old Mutual

They appoint what I call a sham committee that has already made a decision

Ogier Guernsey advises on the establishment of Ventures Platform's pan-African fund

The fund has commitments from a broad range of Nigerian and African based investors, as well as global and institutional investors.

A rise in January divorces in South Africa – and the rule you should be aware of

A Rule 43 application is one in which the High Court provides for interim assistance during divorce actions.

Gowling Corporate Team Advises Finncap

The acquisitions comprise the purchase by GRIT of certain shares in Gateway Real Estate Africa Limited and Africa Property Development Management Limited.

Mozambique: Court Dismisses Charge of Forex Market Manipulation by ex-Standard Bank Manager

The central bank said that the former CEO of Standard Bank committed serious offences, alleging that he deliberately manipulated the forex market and authorised the implementation of an illegal payment network based outside the country (in Frankfurt, Germ